KYC, the “Know Your Customer” rule, is a common method of user verification in connection with the start of said users use of financial services. KYC is the norm in cryptocurrencies and financial law, as professionals are required to make every effort to verify the identity, relevance and risk of maintaining business relationships with the […]

Tokenization is a form of business digitization that is based on blockchain technology. It allows for the creation of tokens or coins and is used to assign their values to a given project. Due to the growth of the cryptocurrency sector and the adoption of blockchain technology, the potential for tokenizing business has increased. Smart […]

Technology can be a great solution for many businesses and companies. Unfortunately, one of the unfortunate side effects is the amount of various technical jargon, which may be unintelligible to the average person. For the end-user, NFT often means little more than a decentralized collectors’ item or a work of digital art. You can enjoy […]

The development of the cryptocurrency industry and IDO is progressing every year. Thanks to this, new ways of raising funds appear frequently. Initial Dex Offering is one such form. This is one of several ways to raise funds for crypto projects. It is worth noting that the first approach to raising funds for a project’s […]

Modern technologies make more and more people try to raise capital in order to make their ideas a reality. The ICO (Initial Coin Offering) and STO (Security Tokens Offerings) methods which we describe below can help with this immensly! The entire acquisition process is based on digital assets, crypto tokens, blockchain technology and smart contracts. […]

In their 2022 ranking Clutch platform named Nextrope Top B2B Copmany. Gaining this award wouldn’t be possible without the opinions of our clients.  Nextrope has been helping businesses explore and utilize technology across a wide range of verticals. Since 2016, our team has been providing development, design, maintenance, and consulting services to SMEs. With our […]

What are the differences between DEX and CEX? Which one suits your needs and business assumptions best? Read this article before you make that crucial decision. In the article you learn about: Different types of crypto exchanges What is a centralized exchange? Pros and cons of centralized exchanges How does decentralized exchange work? Liquidity pools […]

Recently we summed up all you need to know about Automatic Market Makers. Get to know their key element- liquidity pools. How do they work and what do you need to know before you decide to implement them into your decentralized exchange?  What will you find in the article? Definition Liquidity pools are digital assets […]

Polygon is setting new standards for scaling solutions. A protocol created to build and connect Ethereum-compatible networks shows what the future of blockchain could look like. Polygon, formerly known as the Matic network, is one of the top-rated solutions using side-chains of the blockchain to provide faster and cheaper transactions on Ethereum. In many ways, […]

Released in April 2021, the Immutable X platform became the first Layer 2 solution dedicated to NFT tokens. With it, gas fees can become a thing of the past. Behind its creation is an Australian team Immutable, responsible for the NFT-based card game – Gods Unchained. The platform allows for trading and selling unique items […]

Polkadot is a blockchain protocol that combines multiple specialized blockchains into one unified network. Until now, all blockchain protocols worked separately, the developers of Polkadot set out to change this by aiming to create an internet of interoperable blockchains for a decentralized network.  Founded in 2020 by Ethereum co-founder Gavin Wood, among others, Polkadot has […]

Will Layer 2 solve the problem of high fees resulting from Ethereum network congestion? We believe it will. However, many question marks remain. Ethereum’s popularity also has its dark side. As the network becomes more crowded, transaction speeds slow down and fees (gas) increase. Layer 2 is the collective term for solutions to improve application […]